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Updated over 4 years ago,
Out of state investing - Texas to Indiana
Good morning everyone,
I currently live in Austin, Texas and operate a small exterior construction remodeling business. As most people know, our market is just over-saturated and crazy with investors and the prices are just too steep for some of us. I am interested in long-distance investing in the midwest and back in my home state of Indiana. I grew up in Northern Indiana (20-30 minutes south of South Bend in Plymouth, Indiana) and went to college in Indianapolis, so I am vaguely familiar with these areas. I have saved about $40k to put into real estate, whether that is - buy and hold (long term goal - very interested in the BRRRR) or starting out with flipping properties as I am more than happy to go back "home" and spend some time with family and friends. I have read basically every BP book that is out there and listened to hundreds of their podcast, so I am fairly educated when it comes to the bookwork side of investing, just super green on being an actual real estate investor.
What I am looking for is recommendations on; hard/private money lenders, wholesalers, flippers, contractors, and buy and hold investors for input on the market and any advice for a first-time investor. I'm not asking for your secret to success or anything like that, I am simply wanting to connect with people who invest in that area and who are currently active/live in that area for any input. I appreciate any feedback and responses and look forward to hopefully striking up a professional friendship with y'all.